2021-12-31-accounts

REGISTERED CHARITY fquMBER.. 298111 Report of the TTUStees and FinaneSal Stfttements for the Year Ended 31st Deeember 2021 for St Johtt's TrusL Cblchester Sheen Sticklalld Chartered AccouutaDts 7 East Pallant Cbi¢bester West S P019 ITR

SÉ Johll's Trus¢ Cbicbester kkV,,I,Ulld ecÈm kwi Èr P*ge Report of thè Trnstees I to 4 Indep¢Ddent ExamlDer's Report Statement of Financlal A¢tlvltleg Ba14nce Sh¢et Flotss to the Flnanclal Statements 8 to 15 Detslled Statement of FlnaD¢lal Actlvltlu 16

St John's T￿$6 Chichester Report ol tbe"I rusie lor theY£ar Ended 31st Dectmber 2011 The ttystees present their report witb th¢ financial ststemefjts of the charity forthe year ended 31st tkcember 2021, The stees have adopted the provisions of Accounting and Rep)rtiDg by Charities.. Statement of Reurnmended Practic¢ applicable to cbarities preparing their accounts ID accordan￿ wrtb the Fillancith Rep)itillg Standard app]icable in the UK and Republic of Irelalld (FRS 102) (effertive l January 2Q19). 0￿rEcTIVEs AI¥D ACTIVlllES By tbe S¢he]ne of Jutse 2009 the Objects of the newty merged ¢barity 8Ye to fijrtber th¢ religious gnd other ¢haritable work of the Church of England in the Parish&s aDd tbe extrd-parcKbial area". broadening alld s￿￿inIng the WOTk of the ChU￿b of England within tbe City of Chichostsr; workitw ill colljuD¢tion with all those cburcbes recognised as part of the Churches Together in ChichebL¢T orgallisation OT atty suc£¢&8or organisolion at the disuetion of the tnLStecs' and undertaking such tharilable WOTk within tho City of Chichest¢r &8 the I￿￿te¢S determitL¢ At their discretion. INVESTMENT POWERS AND RESTRlfl'lONS The irtyesknenl powers of the ttwtees arc laid do￿1 by there beill8 no 3p¢¢ific powers eA)ntained within th¢ Scheme ofArraDg¢mtttt of2009 or th¢ Lked of AdDuD]￿on 2009. ACHIF,VEMF.NT AND PERFORTrIAFICE This charity has twc) woperty interests. 62 Swanfield Drive, Chicbester, is joinlly OWDcd with The PCC of th¢ parish of St Pancrn8 Bnd St John and in the custodian TrusteesELiP of Chichester Diocesan Fund and Board of FTnan¢¢. llje promy is w¢ll ma1nraine￿ remains undcr quinquennial iDSPCCtiQD and is in bro￿lY satisfactory Condition. The prowty if used Lq aeeommodation by approved staff of the wish of S¢ Pancrary aTAd St job￿ If it is Dot U59d for purpose the propcty is let. Th¢ St John's Hall in St John's Street Chichester is kept in Ae&8on8ble Tepair. The tswl¢es have m￿C the Hall available lo Chichester Foodbank. They believe the It&se to the Foodbank ￿1Sfie$ the Obj¢¢r of using the resgurcc for the bcnefit of the pcople of Chichester. GraDts have b¢¢n made lo the Foodbank to it￿1 h¢ating and to undertske other essential work. The continued to support the work of the chichest￿ Anna Cbaplaincy by fillLding its ChaplaiD. The trn$tees have made grants lo St Wilfn"d's Church PCC to upgrade AV faciliti¢4 St Paul's Church PCC to ex¢end youth s¢rvi¢es and the Chi¢hester HEART project to fimd 8n outreach worter workmg with hom¢less ￿0p]e. JM addition the Iwst¢es have made a one-offgrJlli ￿ Pregnallry Options a local chority that support8 women Considering aknrtion. PUBLIC BENEFIT Thc Trusi¢G5 ¢onfirni that they have paid due rcsard to Part I Se¢Èion 4 of the Charsties Act 2011 arld the Charity Conunission's guidance on public benefit in d￿ldIng what activities the Cbariry should und¢rtak¢. The guidallce makes it clear that what CODStiWtes the public will vary dcpcndin8 on the ¢barity'S Pu￿% 8nd can include E*nefLciaries def]ned by geographi￿ area. Any restiidioll must by ratiODal re￿￿able and justifiable. The Tr￿teeS are satisfied that while the cbatity h&9 & narrow geA)8raphical restriction its objccts and activiti¢5 are sufficittttiy wide to constitute public benefit in that th¢ 8raDts made are for the benefit of awide section of the public the geA)graphical area. FINANCLAL REVIEW Fina￿e1a] positio The net tllovement in fiJD(L5 thi% year Alnounted to a SUTpIug of £137.785 (2020: £5.827) for the year. This consists of a net gain on investments were £136,870 (2020: £6221) aDd gains on the revaluation of ffted L%sets w&8 £7,187 (2020.. £5,603). Total fund balatt￿8 arnount to £2.026.914 (2020: £1.889.129).

St Johll's Trus4 Chiehester Report of the T￿￿ttr￿ for the Year EDded 31st December 2021 FINANCIAL REVIEW b)vestment policy and objectives The charity has an inV￿1[￿ent portfo]io WOTth £1.443273. The fund8 ate investe4] ill a well spread portftslio witb the ailn of produciDg a ba]ÈD¢e between income receipts and capitsl wwth. The tn￿ require their investsnellt advisers. J M r,inn and Co, to l(M)k for itivesttDeLts and mailltain the porrfolio tti sound leading stocks, with reliable income 5trearn$ and strong balance sbeets capable of weatheting a th'fficult p￿10& FAhi¢al ¢onsidttions are tsken into &ccoiuit when detem)ining investsnent strategy. RESERVES POLICY Dthritig the course of the year the trusteu have C￿led out a review of both the re5¢rves beld by the charity ond tbe of tho ffijnds disclose Detailed research was utLd¢rtak¢n as to whether it correct for the charity to show an Endowm¢Dt fi￿d and specific regard was given to the orI￿nal governing documents and Wdtious awity ComtDiSSiOll appmved schemes. AppropTi#te professional advice was a]so sougbL As a result of this the trustees have concluded that the ¢l)arity do&% not have any nds that should be T¢garded &9 either an EttdOWm￿t or a Kestrict&J fund and tbal all fijnds gre UnreslTiCted. A¢cordiu8ly tbo balance held UDd¢r th¢ E4thin￿lI fiwd 8t 31 Dccemb¢T 2021 has been tr8llsfe￿d to the unr￿tricted fund. It h&9 also been agred that thue is no longer a Tequirn¢nt to b3v¢ ¢ither the M&M8ement r¢s￿ve or Inve5tm¢nt desigDated fi￿d5 as the purpose for whicb these were esthbli5hed is no IoDg¢r relevattt to the operation of the charity. At 31 De¢¢mb¢r 2021 the charity ba5 fre¢ r#eryes totsllitig £1.480.908. The inrmie aTising from th￿ [4￿rv￿ 18 more thao adequate to meet the exp￿nditUre requirem￿ts of the elthrity for the foreseeabl¢ fijttwe. FUTURE PLANS The tn￿te￿9 continue to review th¢ use of &8gets. Grants will conttnue to be made in fiuther8n¢e of the 2nission of the Church as provided in the goverDing documents of which the latest ore the Scheme of the Charity Commission and the D¢ed of Administration, both of June 2009. The trwtws decided to CODlinue wiib the project to refurbisb the forecourt ￿ St John'$ Chapel and started work on preparing a planning application and listed buildmg u)nsent for submission lo ￿l¢bester District Council. The tNstees also gave c4nsideration (o CODVertiDg th¢ Trty to a Charitsble Incorp￿ated ￿ganl￿ti¢jn (CAO) and expect ¢0 make thig change iti 2022. INDEPENDENT EXAMINER The indepelldent examiner, Mr Paul WrigbL a partoer of Shten Stickland. IL&S expressed a willingne55 to ¢ontinue in the office of independent cx&￿]ner for the llext year and a r¢solution to reappoitit him will be proposed at the next Trnstee3' meeting. STRUCTURE, GOVERNANCE AflD MANAGEMENT Gov¢rnlng document Th¢ ch￿lty is contrO]led by its governing docum¢llL a deed of tsusL and constithtes an unineoTP)rnteA Charity. The Charity was cTrated by an Act of Par￿ar0ellt iti 1812 and varied by a Scherne of Arrangement of the Charity ComttXiSSiCbn. Ari<in8 from that SchetDe comple.ed on 9th NovembeT 1978 ther¢ were two chayities both registered wtth thc Charity Cornmi&%ioD with registration nutDbers'. Church Hall Charity foT Ecclesi&stic41 Purpo number298111 umkr298112 Under a further Scheme of AttaDg¢m¢ut of the Charity Commi55ion dat¢d 22nd June 2(K)9. the two charities were amalgamated into one under the registration nllMb￿ 298111. Thc Clwk to thc tnutow io Mr S H Holloway. All wrrewnd•nce r•s￿dIng th• athniDi#ts*titsn of th• Bhouid b sent to the prin¢ipal addre￿. Page 2

St Johu's Tru5L Chichester Report of tb¢ Trustees for the Year Ended 31st DeC¢￿ber 202K STRUCTURE, GOVERNANCE AND MANAGEMENr Reeruitment and appointment of neiy truste¢s Trustees are appointed under th¢ tern)s of the Tr￿1 dee(L There must b¢ at le&8t six tTUStees alld ail shall htsld office for a maximum of three years. The maximurn numbeT of t￿￿eeS sball k twelve. One third of1nJstets shall retire by rotation each year at th¢ Annual Gcllerdl Mcctin& although tnjsteu shall be e]iwl)le for reappoinknent. Those selected to retire shall either be those wbo h￿t held office for the IoDgest peTiod or sball be sele£ted by lot. Trllstees Lay be llornillated or ¢OvOPted as follows: up to three nominations by the Deall and cha￿ (all of whom sbould be of Habitual Worshipp¢r5 a¢ the Cathedral) one nomination by alld from the City Council of Chichester up to four norniDatioDS. one by and from each of the City PaTish¢s. {all of whom sbould be of Habilual Worsbippers in th¢ r¢sp¢ctive parishe5 from which they are ll0mti￿t¢dj up lo four tsIL8tees to be co-opted by the other t￿tee$ PROVIDED THAT th¢ appointment of any such co-opl¢d tsustee shall be ratified ID general meetiDgs. Full induction and trainitig is provided to new trustees. Risk m¥n8gement Ihe tru5tee5 have reviewed thc risks relatiog to the tn￿1 and art satisfied that they havc tsktn All reasonable steps to limii or provide cover for the tnajor risks. Thi9 matter will be kept UDder rolling review. REFERENCE AND ADMJNISTBATtVE DETAILS Registered Charlty Dumber 298111 Princlpal address The Royal Chanty Cathedr&l Cloisters Chichester West Su$3ex P019 IPX Trwt¢ Mr Michacl Darby The Very Reverend S J Waitie Mr Andrew Gibson (resigned 19.10.21) Mrs Catheiine James Mr Colin MCk¢L￿a (resigned 24.1021) Mrs Sally Chittlebutgb Cl]r Anne S¢i¢luna Margaret Heald (appoit)ted 19.10.21) Independent Esamlner P E H WTight FCA DChA Sheeo Stickland Chartered Ac¢ountants 7 F,ast Pallant Chichester West Sussex P019 ITR Pdge 3

St Johll's Trus4 Cbicb&5ter Report of the Truste for the Year Ended 31st December 2021 REFERENCE AND ADMJNISThATIVE DETAIts Clerk S H Hollow BAnk¢r8 B8r¢lays Bank pl¢ 74175 E&st Str¢¢t Chichester West Sussex P019 IHR Invostm¢nt advbers jMFij￿&Co 4 ColemaD Street London EC2R STA Approved by ordor of tbe board of twsteas on 26dJ April 2022 and sigo¢d on its 1x1￿lf by: Th¢ Very Reverend S J Waine- Tnjst Page 4

dependent ExamiDer'$ Rew)rt to the Thwtee8 or St John'y TrusL Chfehestsr Independent exarniner's report to the tn￿te¢S ofst John's Trusl Chichester I report lo tbe charity truste48 on my examillation of the accounts of St JoI￿S Tn￿ Cbich&ster (the Tn￿t) for the year ended 31st December 2021. Responsibilities and basis of report As the charity tsute&s of the Tr￿st you ate rasp￿17)￿ f(Y the PTeparation of the acYc￿lts in ac¢ordanc£ with the requirern¢nts of th¢ Cbarities Act 2011 Cthe Acf). J report in respect of my exwnination of the TnuV$ #¢¢owits c8rrie4J out uD&r section 145 of th¢ Act 8nd il) canying out my examination I have followed all applicable DIr￿tIons Etven by Ihe Charity CoD]m]ssion under section 145(5Kb) of tbe Act. Indepeffjd¢Dt ¢iamiller'5 Stalement I have ¢ompleled my examination. I confinn that no Materi￿ mattets hav# to my tttt¢ntion in c￿e¢t10n with th¢ examination giving me cause to be]ieve that in ally material respect: a¢couDting records were not kept in reSp￿t of the Tn￿1 89 required by section 130 of the ACL or the a¢¢ouDts do not a¢¢ord with those records. or tbc accounts do not cotnply with the appJicabl¢ requitemcnts coll£￿Ing the forni and content of accounts set out in the Charities (Aecouttts and Reports) Regu￿10￿$ 2008 other than any requirement that the accounts giv¢ a ttu¢ and fair view which 1$ not a Matt￿ ¢onsid¢red as pirt of an independent exarninalion. I have no hav¢ wrn¢ #¢ro35 no other ll￿tters ID coDnKtioD with th¢ examination to which attention should ¢ dnwT in this report in order to enable a pri)per Ullderstand￿g of the accthmts to be reacbe H Wright FCA DChA Sh¢en 8tickland 7 Bast ljallant C.hichestcr Wesl Sussex P019 ITR Date 26th April 2022

st John's Trus6 Chichester st&tement of Financial ActiYitie8 for the Year Ellded 31rt December 2021 2021 2020 Tota] fijnits funds fiwd funds Not¢s INCOME AND EI¥DOWMETrrrs VROM Invesbnent income 38,923 268 39,191 42.212 EXPENDITURE ON Raising fuuds 5.773 5.773 5.034 Charitable activilie5 Re]igiou5 and Charitable Work of the Cburcb of Engialld 39.6 39.690 43.175 Totsl 45.463 45,463 48,209 Net gains rjn iDvesttnent8 24.113 112757 136 870 NFT INC.OM 17.573 I13.￿25 130.598 224 TrADgfers between fundj 12 1821873 1821873 Other recognlsed galnsl(losses) Gains on revaluation of fixed assets Net movemettt itt funds 1,839,446 (1,701,661) 137.785 5.827 RECONCILIATION OF FufqDS Total funds brougbt forwgrd 187.468 1.701,661 1,889,129 1,883,3in TOTAL Fuf4DS CARRIED FORWARD 2026914 2026914 1889 129 The notcs form part of these financial stst&nettts

St John's TrnsL Cbicbester Balance Sheet 31$t December 2021 2021 2020 Total funds fi￿d Notes FJXED ASSETS Tangible assets Lnvestm¢nts S46.￿)6 S46,￿6 1443 273 538,819 1312070 1.989279 1,989,279 1,850,889 CURRENT A&SETS DebtOTS Cash in hand io 4.500 40.753 40.753 41 J59 CREDITORS Amounts fallin8 due within one year (3.118) (3.118) (3.119) NF.T CURRTr;NT Assyrs TOTAL ASSETS LLSS CLnUiENT LIABILITILS 1026.914 2,026,914 1,889,129 L¥ET ASSETS 2 026 914 2026914 1889 129 FUNDS lJnrestricted fund$ Endowm¢nt funds 12 2,026.914 187,468 1701 661 TOTAL FUNDS 2026914 1889 129 The f]nancial statements were approved by the Board of TTUSttts and authorised for issue on 26* April 2022 and were signed on its beI￿lf by: The Very ReVer￿d S J Waine- Tnthe The notes forni part of these fmancia] statements Pa8e 7

St John's TrusL chich￿ter Notes to the Financial Statements for the Year Ended 31st DeeeJDbtT 2021 AccoiiTrrriNG POLICILS Basis of preparing tbe r]nalle131 statements The fmancial statements of the cbarlty, which is a public knefit entity unts FRS 102. have prepared ijj accordance with the Cbariti&q SORP IFRS 102) 'A￿untillg and Retthing by Charitses.. Statement of R¢com]nended Practice applicable to dwities preparing their accoullts a￿OrdanCe with the Finaucial Reportiug Standard appti¢able in the UK and Republic of Ireland (FRS 102) (effective l JaThuary 2019),. FiEwicial ReportiD8 Standard 102 Ibe Fioao¢ial Rwtitig Standanl applicable in the UK 8nd Republic of Ireland. and tbe Charities Acl 2011. The fmaDcial stat¢meDts bave been prepared uuder the historical cost convellti￿ Witb the ex•ion of investments wbich are Included at market value. as modified by the revaluation of cthain assets. FinanclAI reportltsR st#Ddard 102- reduced dtstlosur¢ exemptioni Th¢ charity bas taken advauta8¢ of the followiug d]￿l05Ure exemptiODS ID pryaring these fittancial statements, L8 pem]itted by FRS 102 The Financial Reportitig Standard applicable in th¢ UK and Republic of Ir¢land': the requiments of Secttort 7 Slat¢tDent of C&th Flows. Incomt All income is recognised in the Statement of Finan¢1￿ Activities on¢e the Cbarity h&$ entitiemenl ￿ the funds. it is probable that tho income will be Ktteived and the amount ¢aD be rneasu￿ reliabty. Eipenditure Liabilities are recognised &$ ¢xpenditure as soon a5 thete is a le8ai or ¢oJJstructive oblig&tii)n committing thc ¢baTity to that ¢xp¢nditure. it 15 probable that 4 tTrnsfer of ttonomi¢ benefits will be r¢quired in settlement and th¢ amount of the obligation w be measured reliably. ExpendiDJr¢ is ￿oUnted for on an I￿￿15 basis and has b¢ell classified under headings that aggregate all cost r¢late4J to the category. Where costs ¢arLnOt be dir¢¢tly attributed to P8rticular headings thty have been alloca¢¢d to activities on a b3Si5 consistent with the use of Gr8rLts offcred subject to ¢onditiODS which have noi beeD at the Ye￿ end date are noted as a commitment but not accrned ss expenditure. Ratsing funds Costs of gcn¢ratsng fiwds conwi8e those costs attrIl￿table to publicisiThg tbe Charity. Charitable activitles Resourc￿ exp¢oded on the clthTitable activities of the ThLSt include the direct eosts of grants made. Tgngible r￿ed Fixed assets are initially re¢0￿1$ed at their current op¢n maTket value. Valuations bave been derived for these assets as shown below: 62 SwJDfi¢ld Drive. Chi¢her (half sbtrt). an infonnal valuation ty a surveyor Hall- insured vthe The parish obtained aD itifor¥twI survey of the prom which fonns the b&sis of the 2018 figures which th¢ tnL8lees consider to be satisfactory. The Hall is now used part of Chichester r(￿bank operation which the tnLStees consider 5isfies the charitabl¢ objexts and in light of this no quinquawia] inswtion was uudertakeu. Pmfessional advi¢e Continu￿ to be tsken that regard. A￿ets purch&%ed with an initial cost oxceeding £5£￿ we capitaiis DeprtcRatio Lwid ts not depreciate<L No depreciation is provideA on fteehold propw they ste 7noilltaincd in Twonable epair aad it is collsidered that residual ￿lle$ are such that d¢preciattOll ￿ not Si8llific4nt. The requsrement to Complete an ilupairnicut review is undertaken antjualty. Page 8 ¢ontillued...

St JohFJ'S TrusL Cbichester Notes to th¢ Finalltial Ststements- tontillued ror the Year Ended 313t December 2021 AccouroriNG POLICILS- eontinued Tgiatlo The Charity is exemp from direct t&xatioD ￿ its cbaritable ￿tivitie Rtseryes Unrestrieted rne7V¢S Genernl funds are unrestrieted funds whith are available for w¢ at the discretion of the trustees for particular purpos¢s. A surn equTrva]ent to 25Y( of the average annual ¢xpenditur¢. on djaritsble activitie5 aud governance of the Th￿( of the thTe¢ y¢ars up kn the to wbicb the latcst a￿0llnts were is desigDated to a Jnallag¢ment Toserve. This is adjust￿ aDnually at the me￿1￿8 of the trus*¢s at wbicb the tswte¢$ receive the accounts. A sum equival￿t to th¢ maTk¢t value of the unrestricted inv&strtieDts is thsigllated &$ an investsDent fjjnit Endowment fund Th¢ Endowrnent fund repre8¢Dts illYestmeDts Twhith must bts held PUD]4n￿tty. Unreaiised gaiThs and losses relating to tho inv&8tments held by the endowment fiuHI of the Charity are #ilo¢at to the ¢ndoNTrin¢nt fimd. The trustX8 inteDd that these fiuKJs will be beld for the foresccable ￿trjrc to g¢n¢rnie incotn¢ to enable them to fulfil th¢ purposes of th¢ Charity. In(y)D)e ￿]vable relaiing to inveglments are Allocated to th¢ unrestricted INVESTMENT INCOME 2021 2020 Investment iDcome Deposit a¢¢oullt interest 39,191 42,163 49 42 CHARITABLE AcfIvITIES COST3 Omthng of aetivtties (see noto Costs (se¢ note 4) costs (see llotr 6) 5) Tota]s Religiow and Charitablé Work of the Church ofEngland Page 9 coutinue(L..

St John's Trust, Chiehester Notes to the Fillalleial Statements- CODtillued for the Year Ended 31st DeCe￿ber 2021 DIRECI COSTS OF CHARITABLE AcfMTIES 2￿21 2020 tnsurance Repairn 8Dd maintenance 1.152 385 1,089 GIL4NTS PAYABLE 2021 2020 Religious aTAd Charit&bl¢ WO￿ of the Chur¢h of F￿Sland 31.250 Th¢ total grants paid to illStiDJti0Th4 duTiug th¢ year w&$ #s follows: 2021 2020 St Ponern4 & St John's PCC St Olftv Tn]st Si Wilfrid's PCC Anna Chaplancy Chaplain aDd Administrator Pregnancy Options Chichester HFART Proj¢ct St Paul's PCC B¢ll Tower Drop 5,000 10.250 2.917 3.OtK) 2.0(M) 5.833 3.000 4.083 6.000 3,000 9.167 4,000 SiJPPORT cosrs Govern8nC8 costs Manageme¥Lt Totals Religious and Charitable Work of the Church of England 693 ¢luded in governance costs ar¢ IndeF￿dent examination fres of £2.460. TRUSTEES, REMUNERATION AND BENEFITS No tNste£ or person T¢lated or connected to them re¢eiYed any remuneNion from tbe Charity during the current orpre¢edinB year. Th¢ Clcrk to the tr￿tee3 received all hottor&iutn of £2,3(NJ (2020.. £2.300). Page 10 Continued...

St John's Trus6 Chichester Notes to the FillaDcial Ststem¢uts- contiDued for the Year Ended 31st l>¢c¢mber 2021 TRUSTEES, REMUNERATION AND BENEFITS. toDtSDued Trustees, expenses Thera w¢r¢ no In]st¢¢* ¢￿n3¢s paid for the year ULdeA 31st December 2021 nor for the year ende4131st DeLember 21no. Any In￿te¢ expenses c]aimed or ID￿rred are gjbject to the Ch8rÈtyg nomal internal eontrob and authorisation pro￿a￿reS. TANGIBLE FJJED A&SETS Freehold property COST OR VALUATION At 1st January 2021 Revaluations 538.819 At 31st December 2021 546 006 NET BOOK VALiJE At 315t December 2021 546 006 At 31st December 2020 538819 Cost 01 valuation at 3]￿ D¢c¢mber 2021 is r¢pTeB¢nted by: Freehold propety Valuation in 2021 546 006 Fr¢ehold propeIty include5 a baif slwe in 62 Swaufield Driv4 Chicbester and St JoFth's HalL St Jobn'$ Street. Chichester. The half share ill 62 Swanfield Drive has been valued at £160.(Krf) based on an infornial va]uation obtsined by the trLL8tee8 in 2018. The previous itifornial vabjation httd been earried out ID 2rM)9 when the value wa5 ststea &¥ being £90.000. St John's Hall is in¢luded at 8 VAlvation of £386.006. This value is tbe insur¢d value as notified by the itisurers at the latest renewal date beiDg l Juty 2021. Thi4 rèvalued amount bas iD¢f¢&5¢d by £7.187 ￿l￿pared witb th¢ pTrvious yw. Page 11 continued..

St Jobn's Trust, Chiebester Notes to the Financial StateJnents- continued for the Year Ellded 31st December 2021 FIXED ASSET ￿EsT￿ENTs Listed settle￿¢llts inv&gtments pending Totals At 1st Jattuary 2021 Additions Disposals R¢valuations 1238.485 173,839 (108.610) 73.585 111.624 (179.612) 1.312,070 285,463 (288222) 133.962 At 31st D¢¢embeT 2021 1437 676 1443 273 NET BOOK VALUE At 3 1st Ikcember 2021 1437 676 1443 273 At 31st Derkmber 2020 1312070 Tnvo3¢ment held atr d¢thiled as followJ: 2021 2020 Pacific ex J4)aD ,403.162 1.200,284 Cosi or v8luatioll * 31st Dettmber 2021 is representfyl by: C&8h and 8ettleTnents i]Jvestments Totals V￿llati¢)n in 2021 1437 676 443 273 InveslJu¢nts that aro individually material within the iDvestmu)¢ portfolio are d¢tailed follows: 2020 Scottish Mortgage Investtttenl TnLSt Scottish American Investmeol 78,910 Page 12 contiDue(L..

St John's Trknsl CILiehester Notc8 to the Fillallcial StatemeDts- contiDu&1 for the Ytgr Ended 31st December 2021 10. DEBTORS: AMOUNTS FALLfNG DUE AFTER MORE THAN ONE YEAR 2021 2020 Grants paid ill ￿Van ii. CREDITORS: AMOUNTS FALLING DUE WtTHIN ONE YEAR 2021 2020 A¢¢ru&]s aDd defure41 income 12. Net movelnent Transfers bettyeen fi￿d$ At 31.12.21 At 1.1.21 Unrestricted lunds fj¢neTa2 F'und Management kes¢rY¢ Fulld D￿l8￿&ted. Investtnent Fund 3.629 15280 168 559 (6,540) 2.029.825 (15.280) 192 672 2,026.914 187.468 17.573 1.821.873 2.026.914 EDdowrnent funds EndowmenL Fund 1.701.661 120212 {1.821.873) TOTAL FUNDS 1889 129 137785 2026914 Net movement iu fi￿. in¢luded iti the above are &8 follow8: Incomin8 Rasowces expended Gains and losses Movement iti filttds Unrestrleted fund$ General Fund D&8igttated- Investment Fund 38.923 (45,463) {6,￿0) 38,923 (45.463) 24.113 17,573 Endowment fuDds Endowment Fund 268 119.944 120,212 TOTAI, FIJNDS 137785 Pa8c 13 continue£t..

St John'i Trus¢ Chicbester r4otes to tbe FiDaknci&l Ststements- continued ror tbe Year Ended 31st Deeember 21121 l2. MOVEMENT IN FUNDS. contlllued Compar#tiv¥ for movemellt fvDds Net movement in funds T￿￿f¢[S At 31.12.20 At 1.1.20 fimds Unr¢strieted fundj Generkl Fund Managewent Reserve Fund DesI￿ated- Investmeut FuDd 10.380 14.527 157 713 (5.998) (753) 753 3,629 15,280 168 $59 If2.620 4.848 EndowmeDt funds EndOl￿Denl Fund 187,468 I,7￿),682 979 1.701,661 TOTAL FUNDS 1889 129 Comparativo net movement in funds, itkcluded io the above are &8 follows: In¢omiD8 Resources Gains and loss¢$ Movement in fimds Unrestricted fuDdJ Gen¢ral Fund Designated- Invttstsnent Fwid 42.211 (48.209) (5.998) 42212 (48,209> 10.845 4,848 Endowment fund$ Endowment r,und 979 979 TOTAL FUNDS A curr¢nt year 12 months and prior year 12 months combinoj position 15 as follows: Net movement Trallsfers At 31.12.21 At 1.1.20 fiwds UnrestrActed funds General Fwid Manage￿ent Re8¢rve Fund De$igna¢ed- Investnient Fund 10.380 14.527 157 713 (11538) 2.029,072 (14,527) 2,026,914 If2.620 22.421 1.821.873 2,026,914 Endowment funds Endowmeut Trund I.7￿.652 121.191 (1.821,873) TOTAL FuE￿s 143 612 2026914 Page 14 continueiL..

St John's TrnsL Chichestsr Notes to the Finaneixl Ststements- continue41 for the Year EDded 31st December 2021 12. MOVEMENf IN FUF4DS- Cont1n￿e￿ A current year 12 months altdprior yegt 12 montlLS combiDed Tnov¢meDt in fllllds, included in the above ar¢ as follows.. JryeomiD8 Rttourc¢s Gains aud Movement expended l¢)sses iti fiwds Unrestricted fuDds General Fund De$l￿ted- Investr)ettt Fund 81.134 {93.672) (12,538) 81.135 (93.672) 34.958 Endowment fuDds E￿d￿F￿￿¢nI F￿nd 22.421 268 120.923 121,191 TOTAL FUNDS 155 881 143 612 As detsiled in the report of the trustees it W&8 8￿Ced that the ba]8n¢e5 held under Endowment fimd together witb the two D¢Si￿al¢d fujth would be treated a8 f(min8 tffjrt of th# Unrestri¢*d fi￿dry of the Tn￿L As a r¢sult of this the fijnd balances weT¢ traDsferred with effKt from 31 Dwber 2021. 13. RELATED PARTY DISCLOSURES St Pan¢rng & St Johns PCC. who M Dthy is also a tnJst¢¢ 0£ receiv￿ no &rants during the year ¢Dded 31 December 2021 (2020: £5.000). 14. CHARIT ABLE COMMITMENTS 2021 St Olav'5 TnL3t All charitable comrnittnents are to be supported by fithue iucome from unrestricted fjjnds. Page 15

St Jobn's TrnsL Chl¢best¢r Detailed Ststemeut of Financial A¢tivities for the Year Ended 31st De¢etDber 2021 2021 2020 IDvestment iDcoJDe Inv¢stmcnt incom¢ D¢posit account interest 39.191 42,163 49 Totsl lncomlllg resources 39.191 42212 EXPENDITURE R#isiDg doDatlOJlS 8nd leg8ci¢s Inveslmcnt management fees 5,773 5.034 Charitabk activities Insurance Repairs and maintcnanc¢ Gratits to institutions 1.152 385 1,089 5,851 34,537 38,190 Support costs Management Other costs Clerk's honorarium 393 225 2,693 2,525 Governance costs ludependent cxaminels fee Total resources expended Net expenditure before gains and losses (6,272) (S,997) Realised reeognised gAios and losses Reaiised gai￿00&18s) on fix￿ &%8et iDV¢StsDeDts Net expendlture 364 This pag¢ does not forni part of the statutory financial sta*meuts Page 16